NIO CFO Qu Yu: Q4 vehicle gross margin target is 16% to 17%

On September 2nd, NIO CFO Yu Qu stated during the second quarter financial report conference call for 2025, that in the fourth quarter, both the upgraded L90 and the all-new ES8 will achieve full quarter deliveries. By the fourth quarter of this year, the company's target for vehicle gross margin is 16% to 17%, in order to achieve the goal of single-quarter profitability and loss balance.